American, US Airways one step closer to merger

American, US Airways one step closer to merger

By SCOTT MAYEROWITZ The Associated Press
Published Aug 31, 2012 10:35AM MDT
New York • American Airlines and US Airways are one step closer to a potential merger. The companies said Friday they signed legal documents allowing them to confidentially exchange information. But a deal is still far from reality. “It does not mean we are merging — it simply means we have agreed to work together to discuss and analyze a potential merger,” US Airways CEO Doug Parker said in a letter to employees Friday. Such a merger would put the combined airline on par with the world’s larges...
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